Titan staff will stay if company sold
Titan International Inc. Chairman and CEO Morry Taylor says he and the rest of Titan's executive staff will remain in place if the company is sold to One Equity Partners LLC.
One Equity, a private equity investment firm with offices in the United States and Europe, is negotiating to acquire the Qunicy, Ill.-based specialty tiremaker.
When asked by moderntiredealer.com if he was concerned that One Equity would turn around and sell Titan after buying it, Taylor said he expects "they would want to probably see us grow, and then probably either sell us or take us public again."
Taylor says a definitive agreement regarding the transaction could be in place by the end of this month.